Self Assesment - Mileage claim

[jonwm]

Morning all.

This tax return is my first one when I have not had a fuel card and company car, I'm wanting to claim the difference of relief on the 9p I get and the 45p (I understand you don't get the full amount)

I only worked at the new place for March of the 20/21 tax year, I wanted to get it right for this submission even though minimal as next time it will be a full 12 months worth.

Question is what value do I put in the "Business Travel and Subsistence..." section.

Actual numbers below:

I did 387 miles in that tax year, I claimed £0.09 from my employer, so do I put in £139.32 which is 387 x £0.36 or do I work out the 40% of that.

Just want to make sure I'm correct as next time will be circa 6k miles.

Thanks

[Dimebars]

You're claiming

((387*.£0.45)*20/40%)-(387*£0.09)

You put in what you were actually paid, HMRC will calculate the tax bit

[2 sMoKiN bArReLs]

Your firm only pay 9p per mile for you using your own car?

[jonwm]

2 sMoKiN bArReLs said:

Your firm only pay 9p per mile for you using your own car?

It's up to 13p now, not ideal, I'm on a manufacturer scheme so get a car through a weird ownership scheme that's quite cheap and in my name.

[2 sMoKiN bArReLs]

anonymous said:

[redacted]

True. I was just testing whether it was his own car or supplied by the company. We regularly get folks hoping to claim 45p a mile for company cars. (No offence OP! )

[Dave350]

anonymous said:

[redacted]

If you get an allowance you have to claim the company car rate rather than 45p don't you?

[Dave350]

jonwm said:

It's up to 13p now, not ideal, I'm on a manufacturer scheme so get a car through a weird ownership scheme that's quite cheap and in my name.

Ah, an ECOS type scheme. Yeah the joys of this are you get to use the personal rate rather than company car rates even though it's cheaper than having a company car. I miss my old ECOS scheme at a Mercedes retailer getting a C43 for £180 a month / GLE for £100 a month then getting paid 45p in fuel despite not having any running costs or keeping the car longer than 3-4 months.

[jonwm]

Dave350 said:

jonwm said:

It's up to 13p now, not ideal, I'm on a manufacturer scheme so get a car through a weird ownership scheme that's quite cheap and in my name.

Ah, an ECOS type scheme. Yeah the joys of this are you get to use the personal rate rather than company car rates even though it's cheaper than having a company car. I miss my old ECOS scheme at a Mercedes retailer getting a C43 for £180 a month / GLE for £100 a month then getting paid 45p in fuel despite not having any running costs or keeping the car longer than 3-4 months.

Yes, its ECOS so pay tax on the loan type arrangement not on the car so classed as me buying it.

Unfortunately they have changed the parameter from 6 months or 6k to 15k no time due to the semi conductor crisis, still better than 4 years and 120k I used to be on.

[Boringvolvodriver]

jonwm said:

Yes, its ECOS so pay tax on the loan type arrangement not on the car so classed as me buying it.

Unfortunately they have changed the parameter from 6 months or 6k to 15k no time due to the semi conductor crisis, still better than 4 years and 120k I used to be on.

IIRC when I did my claims (a few years ago now) I put in difference as a £ amount between the miles at 45p and whatever rate I was paid at - in the appropriate box. I may have put a note if the calculations as well so they could see the actual miles.

The resultant amount was then added to my Personal Allowance so if the difference was £1000, then I got £200 or £400 back depending on I looked at it!

[YouWhat]

Dave350 said:

anonymous said:

[redacted]

If you get an allowance you have to claim the company car rate rather than 45p don't you?

No, the car allowance is just salary, the car you buy/lease is yours.